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Dec 6, 2012
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the move comes less than two months since a shakeup at citi ousting former c.e.o., vikram pandit. he was succeeded by michael corbat. the bank nearly collapsed during the crisis and ultimately received bailouts totaling $45 billion, money that citi has since repaid. roben farzhad has long watched the changes at citi for bloomberg "businessweek" and joins us again tonight. roben, welcome. today we heard that stocks soared on the news of these layoffs. what does that tell us about what was going on at citi? >> it's sad, actually. citigroup is know-- you could say the financial crisis is over but in the throes of an existential crisis. it doesn't know what it wants to be. investors have been clamoring for a while for citigroup to simplify, to shed payrolls, to be good at something. it does everything, but it isn't market leading, necessarily, in any one category. and by and large, they got the layoffs, at least the beginning round of layoffs that they wanted today. >> ifill: we know many of these layoffs are noin the u.s., but i assume part of the relationship the stocks went up is p
the move comes less than two months since a shakeup at citi ousting former c.e.o., vikram pandit. he was succeeded by michael corbat. the bank nearly collapsed during the crisis and ultimately received bailouts totaling $45 billion, money that citi has since repaid. roben farzhad has long watched the changes at citi for bloomberg "businessweek" and joins us again tonight. roben, welcome. today we heard that stocks soared on the news of these layoffs. what does that tell us about what...
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Dec 12, 2012
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and inside syria, rebels captured a second major military base near the northern city of aleppo. new details have emerged from south africa on the health of former president nelson mandela. the government announced today that military doctors are treating him for a recurring lung infection. mandela is 94 years old. he's been hospitalized since saturday, but officials said he is responding to treatment. an investigation of paying pro football players for causing injuries took a sharp new turn today. the man appointed to hear appeals, former nfl commissioner paul tagliabue, voided the suspensions of four current and former new orleans saints. tagliabue said actions by team coaches and others had contaminated the case. he did agree that three of the players should be fined. those are some of the day's major stories. now, back to ray. >> suarez: cairo is the scene of mass rallies again tonight. demonstrators on both sides of the upcoming referendum are on the streets of the capital. their refrain was "bread, freedom and sharia" or islamic law from supporters of president mohammed mor
and inside syria, rebels captured a second major military base near the northern city of aleppo. new details have emerged from south africa on the health of former president nelson mandela. the government announced today that military doctors are treating him for a recurring lung infection. mandela is 94 years old. he's been hospitalized since saturday, but officials said he is responding to treatment. an investigation of paying pro football players for causing injuries took a sharp new turn...
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Dec 25, 2012
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and in october they received an unlikely ally, the city of oakland. city own barbara parker filed suited against the federal government. parker says oakland has already heavily invested in system to tax and regulate dispensaries. >> we laugh a great deal of time and energy and money setting up this system that is consistent with california law. and is a tragic way of the government's resources. >> but others say potash shops never should have been able to open 2349 first place. >> federal law, law of the land or is it law, that's the bottom line. >> carla lowe is citizens against legalization of marijuana. a lobbying group based in sacramento. pot is unsafe and ineffective. not a -- an 'digtive, dangerous drug. >> not a medicine. always been a joke, a cruel hoax, always has been, always will be. f.d.a. will never approved it for any product to be deemed a medicine. >> with the recent legalization of medical marijuana in washington and colorado national leaders are re-examining pot policies. the justice department soon expected to issue a response whic
and in october they received an unlikely ally, the city of oakland. city own barbara parker filed suited against the federal government. parker says oakland has already heavily invested in system to tax and regulate dispensaries. >> we laugh a great deal of time and energy and money setting up this system that is consistent with california law. and is a tragic way of the government's resources. >> but others say potash shops never should have been able to open 2349 first place....
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Dec 19, 2012
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the roads are bad. >> you may have seen progress in certain areas in the city, in the hindu area. we get no aid from the modi government. he says we're living well here. does it look like we live well here? >> something of india today, you can see modi has many good qualities like he is supposed to be a very good administrator but his state runs very efficiently. those are good things. if, on the other hand, he's a leader that creates communal hate, that fails to protect a certain community, that will be unfortunate for an india that wants to be recognized and be given the place in the world as an emerging power. >> reporter: modi was denied a visa to the united states in 2005 due to religious freedom concerns. 25 members of the u.s. congress are now urging sent of state clinton to keep the ban in place. narendra modi will not need the votes of muslim citizens to win this week. but his future on india's stage with national elections coming in 2014 remains in question. as the specter of the 2002 violence continues to follow him. >> ifill: election results will b >> ifill: election
the roads are bad. >> you may have seen progress in certain areas in the city, in the hindu area. we get no aid from the modi government. he says we're living well here. does it look like we live well here? >> something of india today, you can see modi has many good qualities like he is supposed to be a very good administrator but his state runs very efficiently. those are good things. if, on the other hand, he's a leader that creates communal hate, that fails to protect a certain...
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Dec 15, 2012
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went after a number of rural democrats in areas that weren't inside the city and effectively beat a number of them. there are a lot of democrats who still blame the n.r.a. for losing control of the house in '94. >> you mentioned this barely came up in 2012 campaign. it's been very hard to understand exactly what president obama's own position has been on this. but he has been cautious usually in the past not to take the moment of these shootings and use that for a political purpose. it's a very delicate thing. some critics have said if you let the moment pass, you're back to the normal politics. will this play out differently in the next stpwheek >> i think it will. i thought the white house did an interesting two-step earlier today. jay carney, white house press secretary said earlier in the day this is not a time for politics or time to discuss some of these measures. i think there was such an outcry that because of who the victims were here, because they were elementary school children, that maybe now is the time and president obama himself spot lighted the meaningful action. i think th
went after a number of rural democrats in areas that weren't inside the city and effectively beat a number of them. there are a lot of democrats who still blame the n.r.a. for losing control of the house in '94. >> you mentioned this barely came up in 2012 campaign. it's been very hard to understand exactly what president obama's own position has been on this. but he has been cautious usually in the past not to take the moment of these shootings and use that for a political purpose. it's...
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Dec 22, 2012
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. >> sreenivasan: the streets of egypt's second largest city were filled with clashing islamists and their opponents today. the groups confronted each other in alexandria. it was the eve of a final-round vote on a draft constitution that's backed by islamists and president mohammed morsi. supporters of morsi and protesters threw rocks at each other, and riot police intervened with tear gas. officials said at least 40 people were injured. it was unclear who started the fight. north korea has detained an american citizen, and says he confessed to unspecified crimes. he was identified today as kenneth bae, a korean-american tour operator from washington state. north korean state media said he entered the country, with a tour, on november 3. the north has detained five other americans since 2009. all were released, eventually. american leaders past and present paid tribute today to the late senator daniel inouye of hawaii. a crowd filled the national cathedral in washington for the service honoring the japanese- american who became a war hero and served in the senate more than 50 years.
. >> sreenivasan: the streets of egypt's second largest city were filled with clashing islamists and their opponents today. the groups confronted each other in alexandria. it was the eve of a final-round vote on a draft constitution that's backed by islamists and president mohammed morsi. supporters of morsi and protesters threw rocks at each other, and riot police intervened with tear gas. officials said at least 40 people were injured. it was unclear who started the fight. north korea...